Seniors: Build Steady Income, Manage Rising Expenses Post-Retirement

• Prioritize regular cash flow post-retirement, covering basic monthly expenses with pensions, interest, and annuities.
• Diversify fixed deposits across different tenures and explore senior-focused schemes like SCSS for better returns and predictable payouts.
• Review health insurance: ensure adequate coverage, consider senior citizen plans or super top-ups, and reassess life insurance needs.
• Account for inflation by allocating a small portion of savings to products with slightly better returns to protect purchasing power.
• Maintain an emergency fund of 6-12 months' expenses in easily accessible accounts and simplify finances for peace of mind.